Varonis: Data Analysis Software Maker Soars 86% on Nasdaq Debut

By Tiernan Ray

Shares of data analysis software maker Varonis Systems (VRNS) are up $18.82, or 86%, at $40.82, and reached as high as $42.02, after the stock priced at $22 in the morning, above an expected range of $19 to $21, and opened at $39.

The company, which claims its software can help companies ” map, analyze, manage and migrate their unstructured data,” had revenue of $74.62 million last year, and a net loss of $7.5 million, versus year-earlier revenue of $53.4 million and a net loss of $4.85 million, according to its S1 filing with the Securities & Exchange Commission.

The company had a net deficit of $48 million in 2013, cash and equivalents of $14 million, and deferred revenue of $28.7 million.

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.